Stock News in Focus: Pembina Pipeline Corporation (TSX: PPL;NYSE:PBA)

Pembina Pipeline Corporation (NYSE:PBA) stock identified change of 8.97% away from 52-week low price and recently located move of -9.50% off 52-week high price. It has market worth of $21355.18M and dividend yield of 5.54%. PPL stock has been recorded -2.03% away from 50 day moving average and -3.14% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.38% off 20-day moving average.

On Aug.21, 2019, Pembina Pipeline Corporation (TSX: PPL;NYSE:PBA) is pleased to reported that it has entered into agreements pursuant to which it will acquire Kinder Morgan Canada Limited (TSX: KML) (Kinder Morgan Canada or KML) (the Corporate Acquisition) and the U.S. portion of the Cochin Pipeline system (Cochin US) from Kinder Morgan (KMI) (the Cochin US Acquisition) for a total purchase price of approximately $4.35 billion (the Transaction).  The Transaction values Kinder Morgan Canada at approximately $2.3 billion, or $15.02 per share, based on an all-share exchange ratio of 0.3068 of a common share of Pembina per KML security and Pembina’s 30-day volume weighted average price on the date hereof; and Cochin US at approximately $2.05 billion for cash consideration.

Subject to closing of the Transaction, Pembina’s board of directors has also approved a $0.01 per common share, or approximately five percent, increase to its monthly common share dividend rate.

Through the Transaction, Pembina will acquire strategically located assets including the Cochin Pipeline System, the Edmonton storage and terminal business and Vancouver Wharves, a bulk storage and export/import business. Upon closing, the Transaction immediately provides Pembina with well-established business platforms and substantial opportunities for growth.

The Utilities sector company, PPL Corporation noticed change of 0.74% to $29.76 along volume of 2075129 shares in recent session compared to an average volume of 4229.04K. The stock observed return of 1.99% in 5 days trading activity. The stock was at -1.10% over one month performance. PPL’s shares are at -0.97% for the quarter and driving a -1.20% return over the course of the past year and is now at 5.05% since this point in 2018.

The average volatility for the week at 1.15% and for month was at 1.70%. There are 717.58M shares outstanding and 717.58M shares are floated in market. Right now the stock beta is 0.52.

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